Vertex Minerals Ltd. announced that a review of drill logs, by previous tenement-holder Norilsk at its Taylors Rock Nickel -Gold Project in WA has revealed numerous unassayed pegmatite intersections. Historical drilling at Taylors Rock was focused on Nickel exploration rather than Lithium targets and some of the Nickel drilling intersected significant intervals of pegmatites, which were never assayed, presumably as they were not considered prospective for nickel sulphides. The 100%-owned Taylors Rock project sits east of Lake Johnston which is located 450km east of Perth.

Lithium prospects occur within a 50 km long corridor along the southern and western margin of the Lake Johnston granite batholith. Taylors Rock is only 6km east of the Charger Metals NL Lake Johnston Project which includes the advancing Medcalf Lithium Prospect and much of the Mount Day Lithium-Caesium-Tantalum (LCT) pegmatite field, prospective for lithium and tantalum minerals. Taylors Rock is also proximal to the substantial and developing Mount Holland Lithium Project located approximately 70km west of the Lake Johnston Project.

Mt Holland is understood to be one of the largest undeveloped hard-rock lithium projects in Australia with Ore Reserves for the Earl Grey Deposit estimated at 94.2 Mt at 1.5% Li2O. Highlights: Vertex (VTX) has reviewed drill logs, by Norilsk, at E63/2058 "Taylors Rock" Nickel – Gold Project, Lake Johnston WA and found many holes to have pegmatite intersections logged. The pegmatites are potential lithium (Li) bearing pegmatites given their location and style.

A total of 7 RC drill holes and 1 diamond tail were found to have up to 33 logged intersections of pegmatite. Logged pegmatite intersections range from 1m up to 11m downhole. Logged pegmatites swarms indicate a potential pegmatite swarm corridor of over 4km Pegmatites were logged close to surface and down to a few hundred meters.

The Taylors Rock pegmatites are only 6km from Charger Metals NL "Metcalf" Li Project. Taylors Rock sits alongside Lake Johnston, which has attracted considerable interest due to its proximity to the large Mount Holland Li Project. No previous Li exploration has been undertaken at Taylors Rock Nickel Gold Project.

VTX directors will be undertaking a field trip this week to view and undertake sampling across E63/2058. VTX will advance the project, by drilling, as soon as practicable, following the granting of any PoW.